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Why Idea Cellular stock fell over 6% today after logging first profit in seven quarters

The stock closed 6.33% lower at 54.75 on the BSE. It hit an intra day low of 54.40 in trade today. The Aditya Birla Group firm reported net profit of Rs 256.5 crore in the June quarter, mainly on account of one-time gain from sale of mobile towers.

 
 
At 10:50 am, the Escorts stock was trading 3.59% or 32.55 points higher at 939.75 on the BSE. The market capitalisation of the firm rose to Rs 11,485 crore on BSE.
The stock hit an intra day high of 1,157.55 after opening at 1,136 level on the BSE. The stock has gained 2.26% during the last two sessions.
The stock rose 19.5% to 84.7 after fresh positions in the derivatives segment were added.
In the April-June quarter of the current fiscal, the ace investor bought 2 lakh shares additional of the company taking his total shareholding to 5 lakh.
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